Reported on November 1st, according to the documents disclosed by the Hong Kong Stock Exchange on November 1st, Lu Zhaowei increased his off-market shareholding on December 21, 2023 at an average price of HK$0.083 per share.$HOPE LIFE INT (01683.HK)$0.15 billion shares of common stock, valued at approximately HK$12.45 million. After the shareholding, Lu Zhaowei's latest number of shares held is 0.157 billion shares, and the good warehouse ratio has increased from 0.45% to 10.09%.
What is equity disclosure?
According to the requirements of the Hong Kong Stock Exchange, major shareholders (individuals and companies holding 5% or more of the company's shares) must disclose their shareholding in the listed company. Directors and senior executives of the listed company must disclose their shareholding and equity certificate rights in the listed company and any related companies.
Why is equity disclosure important?
Equity disclosure enables investors to identify (1) individuals who control or have the ability to control the shareholding of the listed company and (2) individuals who may benefit from transactions involving entities related to the listed company.